Description
The Trade Panel is a highly versatile trading tool designed to assist traders in executing over 50 different manual trading functions. By automating most trading tasks, it enhances precision and efficiency, making it an essential tool for any serious trader.
Core Trading Features
This application simplifies manual trading by offering a wide range of features that can be executed with just a single click:
- Open and Close Orders: Instantly open or close pending orders and positions.
- Grid Trading: Effortlessly open a grid of orders.
- Position Reversal and Locking: Reverse existing positions or lock them by opening opposite positions.
- Partial Closing: Perform partial closures of open positions.
- Stop Loss and Take Profit Settings: Set unified Stop Loss and Take Profit levels across all positions.
- Breakeven Feature: Move all positions’ Stop Loss to the breakeven point.
Automated Entry and Exit
When placing an order or position, the Trade Panel offers several automated features:
- Risk-Based Volume Calculation: Automatically calculates trade volume based on risk preferences.
- Multi-Order Execution: Open multiple orders in one go, distributing the calculated volume among them.
- Order Visualization: Visualize the entry and exit levels on the chart before placing an order.
- Spread Limitation: Limit order execution if the market spread exceeds a defined threshold.
- Virtual Stop Loss and Take Profit: Implement invisible Stop Loss and Take Profit levels to prevent brokers from manipulating your trades.
When closing positions, the tool allows traders to:
- Close by Type: Close specific types of orders with one click.
- Close Profitable or Unprofitable Positions: Filter and close only the profitable or unprofitable trades.
- Mass Closure: Close all orders and positions simultaneously.
Risk Management and Reporting
Trade Panel is equipped with advanced risk management tools and a trading report feature:
- Trading History: Display your entire trade history directly on the chart.
- Detailed Reports: Generate comprehensive reports for all trading symbols or focus on one symbol.
- Risk Controls: Track your profit and loss on a daily, weekly, or monthly basis, with the option to limit the number of trades or amount of losses per period.
If the risk limits are exceeded, the system can:
- Display warnings on the chart.
- Send alerts to your phone or email.
- Automatically close all positions and pending orders.
- Lock all positions to prevent further losses.
OCO (One Cancels Other) Orders
The OCO Order feature allows traders to place two interconnected pending orders, where the execution of one order automatically cancels the other. This helps manage risk more effectively by ensuring only one order executes in volatile market conditions.
General Position Closure
Traders can set the system to automatically close positions when they hit a predetermined profit or loss level. This feature can be applied to all positions across the account or only specific types, such as Buy or Sell orders.
Customizable Tasks and Alerts
The application also allows traders to automate the opening and closing of positions based on specific triggers:
- Task Scheduling: Set pending tasks that activate when certain price levels are reached or specific times are hit.
- Custom Alerts: Receive alerts when the price reaches predefined lines or levels, either via on-chart notifications, email, or mobile.
Advanced Trailing Stop and Breakeven Functions
The Trade Panel includes six trailing stop types and advanced breakeven functionality:
- Multiple Trailing Stop Options: Adjust the Stop Loss as the market moves in your favor using different trailing algorithms.
- Breakeven Levels: Set multiple breakeven levels per position and move the Stop Loss accordingly when specific profit levels are reached.
Partial Closure Capabilities
This feature allows traders to close a portion of their open positions when they hit specified profit levels. You can choose to close positions based on a fixed lot size, a percentage of the current lot, or a percentage of the initial lot.
Comprehensive Chart Management
The Trade Panel simplifies chart management by offering symbol switching and list creation:
- Symbol Lists: Create up to four custom lists of symbols for easier monitoring and trading.
- Favorites Tab: Mark and monitor your favorite symbols for quicker access.
- Market Overview: See the current market state and positions directly on the chart.
Comprehensive Info Panel
The built-in info panel displays real-time data, including:
- Spread: Monitor the current market spread.
- Time: Track how much time is left before the current bar closes.
- Profit: See the total profit or loss for the current symbol.
- Position Overview: Get insights into the number of positions, volume, and difference.
- ATR Indicator: View ATR readings and the power reserve.
- Breakeven Levels: See the breakeven price for the current orders on the symbol.
Conclusion
In summary, the Trade Panel is a powerful and comprehensive tool for traders, combining advanced manual trading features with robust automation capabilities. Whether you’re looking to improve your risk management, streamline trade execution, or optimize position management, this tool has everything you need to enhance your trading experience.
